Posts Tagged ‘debt’


Increased protection could be put into place for homeowners in debt

Thursday, February 25th, 2010

It has been revealed that action being taken by the Ministry of Justice could result in a greater degree of protection for homeowners that could otherwise be at risk of losing their homes because of their inability to make repayments on personal debts such as credit cards. (more…)


Interest rates to be curbed on pay day loans

Friday, February 12th, 2010

Over recent years pay day loans have become increasingly popular amongst certain consumers such as those that are on low incomes and those with poor credit ratings. (more…)


Size of debt could be decreased with a balance transfer credit card

Wednesday, January 27th, 2010

One financial industry group has recently suggested that consumers could really benefit by taking out a balance transfer credit card and transferring their higher interest credit card debts onto the card. (more…)


Cost Of Personal Loans Increased By Banks

Monday, January 11th, 2010

Recent figures have shown that since the start of this year the cost of personal loans has been increased by banks, and this is despite the fact that the base interest rate has been at an all time low of just 0.5 percent for the past nine months. Since the start of this year the cost of a best buy loan for £5000 is said to have increased by around 1.54 percent to 10.78 percent according to reports. (more…)


Minimum repayment encouraging credit card debt

Sunday, December 27th, 2009

Many consumers are being lulled into a false sense of financial security by credit card lenders that are quite happy to accept very low repayments on the credit card balance, but failing to make clear to the consumer that this will lead to a lifetime of debt for many. (more…)


Repossessions relating to credit card debt could increase

Friday, December 18th, 2009

There are concerns that the number of repossessions in the UK that stem from credit card debt rather than secured debt may start to increase, which means that many people that may have kept on top of their mortgage repayments and other secured debts could still end up losing their home because of other debts that they have defaulted in even if the debt was not a secured one such as credit cards. This is due to proposals that are set to go into consultation over the coming weeks. (more…)


Property market more active than usual for this time of year

Thursday, December 10th, 2009

It has been reported that the property market in the UK is more active than usual for this time of year, with many people putting their Christmas shopping on hold to get on with the more important matter of getting a house. (more…)


Borrowers trying to pay off more debt

Tuesday, December 8th, 2009

Recent figures have shown that whist mortgage lending was up in October compared to September it appears that the residents of Great Britain are keeping focussed on paying off as much debt as possible. (more…)


Consumer felt duped by Yes Loans

Friday, November 27th, 2009

A borrower in the UK, Louise Cowan, has recently detailed in a report how she felt duped by Yes Loans after being given the impression that she was being accepted for a loan only to find that she had then been passed on to some debt management firm. (more…)


More people could end up taking out IVA due to credit card debt

Wednesday, November 18th, 2009

Officials from a national debt charity have recently stated that a rising number of people may end up turning to Individual Voluntary Arrangements (IVAs) in order to deal with the credit card debt that they accrue in the current difficult financial climate. (more…)



New record for bankruptcy levels

Monday, June 15th, 2009

It was revealed earlier this month that bankruptcy levels in England and Wales had reached the highest on record, with the financial crisis and the ongoing recession forcing more and more people into insolvency. (more…)


Debt amongst UK tenants soars

Saturday, June 13th, 2009

According to a recent report the level of debt that the average UK housing tenant is now in has soared to its highest level since the 1980s. (more…)


Middle classes now struggling with loan repayments

Thursday, June 5th, 2008

Whilst many people on lower incomes and bad credit have been struggling to meet loan and debt repayments for years, it seems that the global credit crunch has resulted in a new breed of consumers now struggling to make ends meet when it comes to their finances. According to a recent report more and more middle class consumers living in fairly affluent areas with their own homes are now struggling to keep on top of debt and loan repayments. (more…)


Debt relief orders could make bankruptcy too easy

Saturday, May 10th, 2008

In April of next year the government are introducing Debt Relief Orders, and these orders are a way for low income borrowers with debts to declare themselves bankrupt online without having to go near a bankruptcy court or deal with the traditional hassles of filing for bankruptcy. However, there are concerns amongst some officials that DROs could make it too easy for consumers to escape their debts, and that the system is open to abuse. (more…)


CAB still dealing with many debt enquiries

Saturday, May 3rd, 2008

An increasing number of households are currently trying to cope with rising debt problems, as rising bills, high mortgage repayments, and restricted access to credit all take their toll on our finances. As a result of this an increasing number of people are now seeking advice with relation to their debts, and the Citizen’s Advice Bureau has reported a significant rise in the number of people that have been contacting the agency with regards to financial problems and debt worries. (more…)


CAB reports rise in enquiries relating to mortgage arrears and debt

Tuesday, April 8th, 2008

A recent survey has revealed that the Citizen’s Advice Bureau has seen a rise in the number of enquiries relating to mortgage arrears and debt related issues over the first part of this year. Money issues have always been one of the most commonly dealt with problems by the CAB, but with credit conditions tighter than ever and households facing huge financial woes, there has been a marked increase in the number of money related matters, including worries about mortgage arrears, that the CAB has been dealing with. (more…)


Keeping up with your secured loan repayments

Monday, February 25th, 2008

Secured loans have become an effective and affordable way for homeowners to raise finance, and the increase in property values over the past few years has given homeowners in the UK more financial leverage to raise money by way of a secured loan. Secured loans offer a range of benefits, such as increased borrowing power based on equity levels and longer repayment periods to help keep costs down. This is why an increasing number of homeowners have turned to secured loans in order to get the money that they need. (more…)